[D9211AFA], Letter from Alfred Ord Tate to Lowrey Stone and Auerbach, Joseph S Auerbach, October 8th, 1892
https://edisondigital.rutgers.edu/document/D9211AFA
Transcription
October 8, 1892. J. Auerbach, Esq., Messrs. Lowrey, Stone & Auerbach, No. 3 Broad St., New York City. Dear Mr. Auerbach,- I send to you under separate cover copy of the minutes of the third annual meeting of the National Phonograph Association, held at the Chicago on the 13th, 14th and 15th of June last. If you will read those you will, I think, obtain a clear idea of what we are attempting to accomplish. I would refer you more particularly to the remarks of Mr. Swift, which are reported on page 193. Up to the present time we have been enlisted about 90% of all the Companies. In fact, the only ones concerning which there is any doubt are, New York, New Jersey, and, of course, and Columbia Company. I do not place New England in the doubtful column, because Major Sampson, the Manager of the New England Co., an able and intelligent officer who has succeeded in keeping a large sum of money in the treasury of his Company in the face of those adverse conditions, was one of the strongest adherents we had in Chicago. It was largely owing to the support given to us by Major Sampson that we were able to obtain such satisfactory result I believe it reasonable to suppose that the New England Company will be largely guided by the advice of Major Sampson. The Board of Directors of the New England Co., met in New York a short time are and decided that they would defer consideration of this matter until after the annual meeting, [LEAVE FOR EDITOR writing] which occurs I believe in a few days, in order that the new board could determine the future policy of the Company. They thought that as they were going out of office as soon this would be the fairest way to handle the matter. You I understand are a Director in the New England Company. Th assurance of support which you gave me the other day was very gratifying both to myself and to Mr. Edison. You are thoroughly in accord with out ideas concerning consolidation that I need not refer to that subject at length heroin. I also send you a copy of the agreement which is now being executed by the local companies. If the New England Company will join us I am confident it will not be very long before the New York Co. and the New Jersey Co. come in. If you should require any further explanation kindly advise me and I will cheerfully give it. The prospects which are opened up by this new arrangement have restored the enthusiasm of those who are directly connected with the phonograph interests. Yours very truly, Private Secretary.